Which of the following may require the parties to renegotiate certain parts of a contract if market conditions change drastically?
a. Termination clause
b. Omnibus clause
c. Adjustment clause
d. Reopener clause
D
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Which of the following transactions represents the purchase of a final good?
A) Apple computer buys computer processors from Intel. B) Your father buys a new John Deere riding lawn mower. C) Starbucks purchases coffee beans. D) Delta buys a new European-made jetliner.
All of the following are true regarding the Foreign Corrupt Practices Act (FCPA) except which one?
A) Nearly all aspects of the FCPA are harsher than the U.K. Bribery Act. B) The FCPA applies to any company that is organized under the laws of the United States. C) The FCPA applies to any company whose stock is publically traded in the United States. D) It is a United States anti-corruption law prohibiting bribery of foreign officials.
During periods of high inflation, people want to hold as much money as possible
a. True b. False Indicate whether the statement is true or false
An example of an external force in business fluctuations is
a. falling interest rates due to lagging demand in a contraction. b. a devaluation in the nation’s currency. c. variations in inventories. d. the lag between price changes and cost changes.